0
Which banks that didn't received federal taxpayer bailout money?
Wiki User
∙ 14y ago
http://money.CNN.com/2009/09/11/markets/thebuzz/index.htm
This is from the website from above:
I've dug up, with the help of research available on TARP tracker Bailoutsleuth.com, at least 54 publicly traded banks that explicitly refused to take part in TARP. And it's worth pointing out that several of them are decent-sized.
Hudson City Bancorp (HCBK) and People's United Financial (PBCT) are both in the S&P 500. Commerce Bancshares (CBSH), BOK Financial (BOKF) and NY Community Bancorp (NYB) are among the 50 largest banks in the country as ranked by assets, according to figures from the Federal Reserve.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Who Gave Bailout Money To Banks?
Obama
What does bail out banks mean?
A bail out can be considered as a financial help that was given/provided to almost all banks in the United States during the financial crisis a few years ago. Because of the economic crisis, more than 100 banks declared bankruptcy. To avoid further banks from failing, the government of the United States created a bailout plan through which the Federal Reserve granted financial help accounting to hundreds of billions of dollars to banks across the country. The banks used this money to stabilize their positions and are slowly repaying the Federal Reserve the money they got from them
How does the Americans pay for Bushs bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
Who will receive the bailout money?
Nobody would receive the bailout money directly/Freely. The US Federal Reserve plans at buying illiquid securities from the banks & other financial institutions that are in trouble now. They would be buying assets like MBS (Mortgage Backed Securities), CDO's (Collateralized Debt Obligations) etc The proportion in which each banks assets would be bought by this bailout plan would be decided by the plan coordinators. The proceeds of this asset buying by the reserve (Cash) would be used by these banks and financial institutions to meet their liquidity needs and to infuse further liquidity into the economy. The Fed Reserve would sell these assets at a later point of time once the economy stabilizes and repay the Treasury.
How many federal home loan banks are there?
There are 12 Federal Home Loan Banks. They are owned by member institutions including savings and loans, commercial banks, savings banks, etc. The Federal Home Loan Banks serve as whole sale lenders to their member institutions. If you'd like to learn more about the Federal Home Loan Banks, take a look at the book, Mission Expansion and the Federal Home Loan Banks (SUNY Press, 2010).
What industry received a bailout from the federal government in the 1980s?
Savings and loan banks
Who is on the government bailout?
Only the big boys are getting bailed out - Banks with ties to the Federal Reserve and the Treasury, Investment banks, etc. See the related question on Congressional oversight.
Who Gave Bailout Money To Banks?
Obama
Can you get a loan from the bailout?
No, the bailout is meant to allow funds for business and banks to operate on credit. You would have to qualify for a loan.
What becomes of the earnings received by the Federal Reserve Banks?
The earnings of the Federal Reserve Banks are primarilyused to pay for the Federal Reserves Banks' operating expenses. Such as for salaries, utility expenses, and the cost of building upkeep. Monies left over are paid to the US Treasury.
Why did the us government decide to give banks a bailout during this crisis?
i dont no
Who does the bailout affect the most?
Positive Effect - On Banks & Financial institutions who are stuck with loads of bad debt Negative Effect - On the US Treasury and Federal Reserve because they are the ones who is spending this 700 billion
What is the 700 billion bailout for?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
What is the Meaning of a bailout word?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
How and when will taxpayers be affected on the bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
Why do you need bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
Is there a list of banks given federal funds to prevent them from going into bankruptcy?
This article in the NY Times 6.24.09 gives a list of lenders who received bailout money. http://projects.nytimes.com/creditcrisis/recipients/table Several of the banks returned the money. As of 2.28.10, most of the funds were repaid to the federal government with interest. The list of US banks that were bailed out is extensive, you start out with Bank of America, Chase, Goldman Sachs and continue down to small, local banks, some with no more than one branch. CNN has compiled a list of these banks and has denoted which ones have paid back their loans. Here's the link: http://money.cnn.com/news/specials/storysupplement/bankbailout/
